Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Updates
  • digital transformation
  • electric vehicles
  • robotics

5 Top Stories

Tesla Shows Off Robot; EV Charging Consolidation; Foxconn Earmarks $1bn

Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets.

Tesla Shows Off Robot

On Wednesday Tesla [TSLA] showcased improvements it has made to its humanoid robot prototype. A clip posted on X shows the robot picking up and handling an egg, and finishes with two robots raving to electronic music. In other Tesla news, as of December 31, the Model 3 will no longer qualify for tax credits under new government guidelines, while the company has recalled some 2 million vehicles over autopilot concerns.

EV Charging in the Grips of Consolidation

Reuters has found that the EV charging industry is seeing breakneck consolidation, with at least 85 companies having been bought since 2017, either by energy majors such as Shell [SHEL] or Total [TTE], or other, bigger, charging firms like ChargePoint [CHPT]. Meanwhile, firms in the US and EU are battling for locations: “it’s like a land grabbing game now”, Tomi Ristimaki, CEO of Finnish EV charger manufacturer Kempower [KEMPOWR:HE], told Reuters.

Foxconn Pours Another $1bn into India Site

Foxconn [FXCOF], the world’s leading assembler of iPhones, has won approval to invest an extra $1bn in the plant it is building in India to make Apple [AAPL] products. The firm has already set aside $1.6bn for the site near Bengaluru. Meanwhile, following a spate of hacks and a Wall Street Journal investigation, Apple is implementing a new security setting to protect iPhone users’ data.

Netflix Shares Data, Set to Pull Ahead of Rivals

The streaming behemoth will publish a twice-yearly “comprehensive deep dive” into its viewing figures, with the first report having been published on Tuesday. The most-watched show on Netflix [NFLX] was The Night Agent, which logged 812 million hours in the first half of the year. Elsewhere, Insider Intelligence has predicted that Netflix will pull ahead of Disney’s [DIS] Disney+ next year, Reuters reported, with ad revenue jumping 50.3% to some $1bn.

Jacobs Partners on New French Nuclear Project

US-based services provider Jacobs [J] has been selected to support French start-up Naarea on its new nuclear reactor. Naarea is one of the first companies to have received funding under the France 2030 investment plan, a government project to reboot the country's nuclear industry. Jacobs will support the project with nuclear safety as well as control and instrumentation, among other engineering disciplines.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Latest articles